Armenia

(i) No amount/estimate: 28 April 2020, The Central Bank of Armenia (CBA) reduced the policy rate by 25 bps to 5%. On 17 June 2020, this rate was further reduced by 50 bps to 4.5%. On 15 September 2020, this rate was reduced to 4.25%. It was increased to 5.25% on 15 December 2020 and then to 5.5% on 2 February 2021, where it has since remained unchanged.

AMD30 billion (over USD60 million) for urgent social assistance for the impoverished. See Measure 9: No breakdown.

(i) No amount/estimate: Subsidize the interest rates of co-financed loans for companies that borrow money from Armenian banks in the national currency to pay salaries, taxes, bills and purchase raw materials; (ii) No amount/estimate: 26 March 2020, Stimulus package of AMD500 million each to struggling businesses; (iii) No amount/estimate: A one-time grant in the amount of the salary of every fifth employee is provided for companies with 2-50 employees. Similar measures were approved for companies with up to 100 employees, and both measures were extended until 31 May 2020.

(i) 22 March 2020, Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases - USD1.8 million; (ii) Nonsovereign Operations: Guarantee under the Trade Finance Program (Additional Financing) - USD14.65 million (with another USD29.47 million co-financed) for 2020. Net ADB exposure of USD-0.53 million as of 21 May 2021 ; (iii) Nonsovereign Operations: Loan under the Trade Finance Program (Additional Financing) - USD5.23 million (with another USD5.44 million co-financed) for 2020. USD0.87 million as of 21 May 2021 ; (iv) 28 May 2020, COVID-19 Working Capital Support Project - USD20 million (with another USD25 million co-financed); (v) 1 July 2020, Promoting Digital Finance Solutions for Inclusive Finance among Partner Financial Institutions - USD0.05 million; (vii) 13 July 2020, Addressing Health Threats in the Central, West, and East Asia Region - USD0.13 million; (viii) 24 July 2020, Due Diligence and Capacity Development of Trade Finance Program Banks - USD0.11 million; (ix) 3 August 2020, COVID-19 Emergency Response - USD2 million; (x) 6 August 2020, Distance Education for Resilience Project in Armenia - USD0.75 million; (xi) 26 November 2020, Addressing Health Threats in the Central, West, and East Asia Region (Additional Financing) - USD0.03 million.

(i) April 3, The World Bank allocated USD3 million to address the country’s urgent needs for equipment and supplies needed for the intensive care of people with a confirmed COVID-19 diagnosis; (ii) May 18, USD280 million in total aid immediately available after an augmentation of its Stand-By Arrangement with the IMF; (iii) As of May 26, USD2.7 million to prepare laboratory systems, activate case-finding and event-based surveillance, support technical experts for response and preparedness, bolster risk-communications, and more; (iv) August 27, USD260,000 in COVID-19 relief from Canada; (v) 4 February 2021, USD7.4 million in Additional Financing for the Disease Prevention and Control Project. The project will benefit Armenia’s health system response to COVID-19 and potential future pandemics, including hospitals’ capacity for case management and intensive care; (vi) No amount/estimate: 9 March 2021, Armenia received medical equipment from South Korea. The devices will be distributed to medical centers treating COVID-19; (vii) 7 April 2021, USD1 million from the US Agency for International Development (USAID) to support vaccination efforts.